198 4TH AVE
WOONSOCKET, RI 02895

$525,000

10 Beds

4 Baths

4,149 Sq Ft

Status Active

MLS# 73238565

Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience.Featuring a sought-after configuration of two 3-BR units, and two 2-BR units, alongside an impressive nearly 7% cap rate. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment.Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term.Check out the 360 tour and be sure to attend on of the three open houses this weekend!

Details for 198 4TH AVE

$127 / Sq Ft

5 parking spaces

Baseboard, Natural Gas

17 Days on website

0.13 acres lot

Interior

Appliances

Range, Refrigerator

Bathrooms Full

Bathrooms Total

Bedrooms Total

Fireplace Features

Flooring

Tile, Vinyl, Varies, Laminate, Hardwood

Interior Features

Ceiling Fan(s), Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Dining Room, Kitchen

Laundry Features

Gas Dryer Hookup, Electric Dryer Hookup

Living Area

4,149 SqFt.

HOA Features

Association Amenities

Association Fee Includes

Building And Construction

Accessibility Features

Door Features

[]

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

[]

Window Features

Insulated Windows

Year Built

1920

Exterior And Lot

Exterior Features

Balcony/Deck

Lot Features

Gentle Sloping

Lot Size Acres

0.13

Lot Size Square Feet

5663

Lot Size Units

Acres

Parking Features

Paved Drive, Shared Driveway

Parking Total

Patio And Porch Features

["Porch"]

Pool Features

[]

Spa Features

[]

Waterfront Features

[]

Zoning

Utilities

Cooling

["Window Unit(s)"]

Heating

Baseboard, Natural Gas

Area And Schools

City

Woonsocket

Community Features

Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House Of Worship, Private School, Public School, University

County Or Parish

Providence

Financial Info

Buyer Agency Compensation^*

2%NS

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$8,760

Tax Year

2024

Additional Info

Compensation Based On

Net Sale Price

Sub Agency Offered

Transaction Broker Compensation

1%NS